Curtiss-Wright (NYSE:CW) Stock Rating Upgraded by Guggenheim

Curtiss-Wright (NYSE:CW) was upgraded by stock analysts at Guggenheim to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Citigroup boosted their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $768.25.

Curtiss-Wright Stock Performance

NYSE CW opened at $570.76 on Monday. The stock has a fifty day simple moving average of $667.17 and a 200-day simple moving average of $704.02. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The stock has a market cap of $21.08 billion, a PE ratio of 39.28, a P/E/G ratio of 2.54 and a beta of 0.84. Curtiss-Wright has a twelve month low of $490.66 and a twelve month high of $808.16.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. Curtiss-Wright’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.23 EPS. Equities analysts anticipate that Curtiss-Wright will post 15.27 earnings per share for the current year.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 1,035 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the transaction, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Curtiss-Wright during the second quarter worth approximately $3,448,649,000. Geode Capital Management LLC lifted its stake in Curtiss-Wright by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after acquiring an additional 47,287 shares during the last quarter. Norges Bank acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $290,633,000. Primecap Management Co. CA purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at approximately $390,106,000. Finally, Franklin Resources Inc. increased its position in shares of Curtiss-Wright by 61.0% in the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock valued at $270,392,000 after purchasing an additional 185,887 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.